The crypto industry is continuously developing and increasing its user base every year just because of the innovation, this attracts more crypto investors into the market. And one of the major innovations is IDO also known as Initial DEX offering this takes place in the Decentralized exchange(DEX). In this article let's dive deeper into what is IDO and also some of their advantages
What is IDO?
Initial DEX offering or IDO is a fundraising model that takes place in a decentralized exchange, this opens a new way of fundraising in the crypto space. If a person launches a project in an IDO platform every person in the platform can trade or swap that token or coin. A project that issues initial DEX offerings receives financing from the individual investor. IDOs can be launched for various projects, The first ever IDO was introduced by the raven protocol in June 2019 and listed on Binance DEX
How does IDO works?
The way of IDO work is quite simple, a project appears to the general public for fundraising through the platform or the launchpad like Polkastarter, Binance DEX, or any other launchpad that offers an IDO service. If a project meets the launchpad requirements, then the IDOs can be launched. Also, the IDO development needs a lot of technical support.
Advantages of an IDO platform
IDOs come with several benefits some of them are,
Open and fair fundraising
Because there is no need for CEX or permission to start fundraising, Anyone can launch an IDO.
Immediate liquidity
IDOs provide immediate liquidity unlike the ICOs and IEOs which requires an initial waiting period for their liquidity
Instant trading
From the date of project launches, investors can start trading their token, trading also happens in an instant. But ICO and IEO need an initial waiting period
Lower costs
If a project uses DEX without an intermediary they only pay a gas fee for deploying the smart contract, this is why it is cost-efficient.
Reliable transaction
Through smart contract, DEX executes trades and records in the blockchain, for reliable transactions.
Trending IDO platforms
- DAO Maker
- Polkastarter
- BSCPad
- Red Kite
- BullPerks
IDO platform development
Are you looking for fundraising for your business? then IDO is a perfect solution for you. IDO development is a process that takes a lot of technical needs. Maticz is a top-rated IDO development company, and you can rely on the Maticz technologies when it comes to blockchain development. Here you can get the best IDO development service, from the experts in the blockchain.
wrapping up
Let me wrap up this article, most businesses raise funds and get profound use of the IDO. Then, why not you? The Initial DEX offering development is the most discussed topic among the global users for its efficiency to benefit them with seamless trade and faster transactions to reap profit with less investment. This is a perfect time for you to launch an IDO. If you are looking for an IDO development company then Maticz can be your reliable technical partner
